Social media platform Reddit’s valuation is up to more than $10 billion as it works to raise as much as $700 million in a fundraising round led by Fidelity Management. The company has already brought in $410 million in its second round of fundraising this...
Adidas is offloading Reebok into Authentic Brands Group’s (ABG) burgeoning portfolio of brands as the German sportswear giant seeks to strengthen its own position in a direct-to-consumer (D2C)-led strategy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Hudson’s Bay on Thursday (Aug. 12) announced the separation of its business into separate entities, one for in-store sales and another for eCommerce, as part an increased focus on its digital-first transformation. Get the Full Story Complete the form to unlock this article and enjoy...
Today in B2B payments, Synchrony’s CFO discusses the importance of agility, and Bottomline Technologies creates a Watchlist Screening solution for financial institutions. Plus, Nexelus explores the impact of artificial intelligence on media accounts payable, Car IQ raises new funding and Citi creates a new small...
Gopuff is on an acquisition spree. The Philadelphia-based grocery and everyday goods delivery company announced on Wednesday (Aug. 11) that it is acquiring a U.K.-based grocery delivery service that fulfills orders within 10 minutes. Get the Full Story Complete the form to unlock this article...
Philadelphia-based delivery company Gopuff on Thursday (Aug. 12) signed a definitive agreement to acquire European delivery platform Dija, the second time Gopuff has gone overseas to expand its global reach, following its recently announced acquisition of U.K.-based Fancy. Get the Full Story Complete the form...
The Baupost Group hedge fund is getting into the meal delivery business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
U.S. Bank has agreed to purchase FinTech company Bento Technologies, according to a Thursday (Aug. 12) company announcement. The acquisition is aimed at broadening the bank’s digital capabilities for small business customers. Get the Full Story Complete the form to unlock this article and enjoy...
A group of hackers who carried out what is believed to be the largest cryptocurrency heist on record have returned more than half of the money they stole. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
